1D/45 Ocean Avenue, Double Bay NSW 2028

2-bed unit, 141sqm internal | Double Bay, flood overlay noted | 2-car parking rare for area | Auction 30 May, strong buyer demand. This property offers an unusually generous internal footprint for a two-bedroom unit in Double Bay, and the two-car parking is a genuine scarcity in this market. The floor plan, combined with a balcony and built-in robes, positions it well for downsizers or professionals who value space over a third bedroom. The estimated value range sits above the guide, which suggests the vendor may be pricing to stimulate competition rather than reflect true market position. For a buyer seeking a long-term hold in a tightly held suburb with strong owner-occupier demographics, the configuration and parking create a defensible advantage. The flood overlay is a material risk that may affect insurance costs and resale appetite among cautious buyers, but it does not appear to have suppressed recent street activity. The discrepancy in floor area data warrants a physical measure. Rental yield is modest at just over 3%, so this is not an income play. The buyer should treat the guide as a starting point for negotiation, not a ceiling. If secured near the lower end of the estimated range, this unit offers a solid, low-maintenance hold in a premium location with good school catchment access.